Financial technology firm Revolut has outlined a A$400m ($282m) investment strategy aimed at expanding its presence in Australia over the next five years.
The move was announced by its Australia chief compliance officer Scott Jamieson, who joined the fintech in 2020, in a LinkedIn post.
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The announcement comes as the company’s Australian customer base has exceeded one million, after six years of operation in the country.
Since entering the Australian market in 2020 with a small team, Revolut has increased its local workforce to more than 100 employees.
The fintech was granted an Australian Financial Services Licence in May 2020, followed by a public launch in August of that year.
It also holds an Australian Credit Licence and is seeking authorisation from the Australian Prudential Regulation Authority to operate as an Australian Deposit Institution.
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By GlobalDataRevolut’s offerings for Australian customers include a multi-currency debit card, digital wallet, international money transfers, trading in digital assets, US stocks and commodities, as well as unsecured personal loans.
According to Jamieson, clients have collectively saved A$250m in foreign exchange charges when compared to traditional banks.
Revolut Australia head of growth Charlie Short commented: “One million customers is not the end goal, it’s the proof point. Over the past two years, Revolut has scaled rapidly in Australia, with strong growth across customers, payments, FX and engagement, and record usage in 2025.
“Starting 2026 as one of the country’s top financial apps, we’ve already built real momentum in the market. This year will see us double down on marketing investment and remain aggressive with product delivery, pushing us into our biggest year yet.”
The company introduced a merchant acquiring platform for businesses in Australia, as announced by Revolut Business Australia account executive Lucy Lindsay.
The platform features processing fees starting at 0.5%, 24-hour settlements (including weekends), payment terminals with Tap to Pay on iPhone capability, and support for transactions in over 30 currencies. Businesses are provided direct access to Revolut’s global customer network.
Revolut’s expansion plans follow growth in the Australian market, with transaction volumes increasing by 235% over the past twelve months.
The fintech is approaching 70 million customers worldwide with plans to invest $13bn (£10bn) over the next five years to drive its global expansion, a move announced last year.
